Brink’s (BCO) Scheduled to Post Earnings on Wednesday

Brink’s (NYSE:BCO) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $1.23 per share for the quarter. Brink’s has set its FY24 guidance at $7.30-8.00 EPS and its FY 2024 guidance at 7.300-8.000 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Brink’s (NYSE:BCO) last released its earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 earnings per share. On average, analysts expect Brink’s to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Brink’s Price Performance

NYSE BCO opened at $87.46 on Wednesday. Brink’s has a 1 year low of $59.46 and a 1 year high of $93.25. The business’s fifty day moving average is $86.40 and its two-hundred day moving average is $81.99. The stock has a market capitalization of $3.91 billion, a P/E ratio of 48.06 and a beta of 1.40. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43.

Analyst Upgrades and Downgrades

BCO has been the subject of several analyst reports. TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. Truist Financial raised their target price on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group boosted their price target on shares of Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a report on Friday, March 1st.

Insider Buying and Selling

In other Brink’s news, Director Keith R. Wyche sold 400 shares of Brink’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total transaction of $32,948.00. Following the transaction, the director now owns 665 shares of the company’s stock, valued at approximately $54,776.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.